Southland gas prices drop for 13th time in 14 days

LOS ANGELES (CNS) - The average price of a gallon of self-serve regular gasoline in Los Angeles County dropped today for the 13th time in 14 days, decreasing 1.3 cents to $4.075.

The average price has decreased 10.7 cents over the past 14 days, including 1.3 cents on Friday, according to figures from the AAA and Oil Price Information Service.

The average price is 6.6 cents less than one week ago, 5.9 cents lower than one month ago and 4.5 cents below what is was one year ago.

The average price rose 10 times in 11 days to its highest amount since May 19 immediately before the current run of decreases began.

The Orange County average price also dropped for the 13th time in 14 days, decreasing six-tenths of a cent to $4.048, 7.6 cents less than one week ago, 6.4 cents lower than one month ago and 5.5 cents below what it was one year ago.

The Orange County average price has decreased 11.9 cents over the past 14 days, including 1.1 cents on Friday. It rose 14 times in 15 days to its highest amount since May 19 immediately before the current run of decreases began.

The dropping pump prices stem from continuing decreases to the wholesale price caused by an improving supply situation, according to Jeffrey Spring of the Automobile Club of Southern California.